Why Are Promises to Keep Offers Open for Particular Periods

question 4

Multiple Choice

Why are promises to keep offers open for particular periods of time normally unenforceable?

• A) because consideration is given in return for the promise to keep the offer open
• B) because offers are always revocable
• C) because offerors are entitled to make multiple offers
• D) because such promises are contrary to public policy

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Definitions:

Middlemen

Intermediaries in the distribution process that facilitate trade between producers and consumers by buying and selling goods or services.

Middlemen

Intermediaries involved in the distribution process of goods from producers to consumers, often adding efficiency to the supply chain.

Transactions

The action of conducting business or trade between individuals or entities, often involving the exchange of goods, services, or funds.